What percentage of profit he gets?

A shopkeeper marks on the article bought by him at 30% above the cost price and allows a discount of 10% while selling it. What percentage of profit he gets?

  1. 10%
  2. 25/2%
  3. 31/2%
  4. 17%
Anurag Mishra Professor Asked on 17th December 2015 in Maths.
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1 Answer(s)

Answer:  (4) 17% 

Solution:-
Let the actual cost price be Rs. 100

If a shopkeeper marks on the article bought by him at 30% above the cost price
Then marked price of the article = 100 + 100 x 30/100
 = 100 + 30
 = Rs.130

If he allows a discount of 10% while selling.
Then selling price of the article = 130 – 130 x 10/100
 = 130 – 13
 = Rs.117

So, percentage of profit = 117 – 100
 = 17 %

Hence, the correct answer is option (4) 17%.

Anurag Mishra Professor Answered on 17th December 2015.
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